Ediston Property Investm... Share Discussion Threads

[nickrl] 17/8/2023 08:05

They've got to ask TRY first whether they will accept the deal!!

[battlebus2] 16/8/2023 20:41

RNS likely in the morning 🤞

[hindsight] 16/8/2023 19:15

Thank you, hope source correct

[shauney2] 16/8/2023 18:47

httPs://citywire.com/wealth-manager/news/giant-us-reit-poised-to-clinch-epic-says-report/a2423817

[nickrl] 16/8/2023 17:25

@WC failure to have that cash earning money is almost criminal that would have covered the fees Edison have been paid to sit on their backsides not their choice i know but these BoDs have failed shareholders well the longer term ones.

[williamcooper104] 16/8/2023 17:08

To be fair they got out of offices and focused on RP (which is why they can now sell) So they had the right idea and then went to sleep (and forgot to put cash on deposit)

[williamcooper104] 16/8/2023 17:07

Probably not would be messy, and O can easily fund it with cash

[tintriangle] 16/8/2023 16:59

Is it likely that EPIC shareholders will receive a shares or shares & cash offer? Realty Income Corp currently pays a monthly dividend equivalent to an annual 5% yield.

[fred177] 16/8/2023 15:02

I think they’ve made it clear they are close to a deal apart from naming the party what’s to tell? They can’t do that for obvious reasons .

[spectoacc] 16/8/2023 14:24

Since circa 2021.

[flyer61] 16/8/2023 14:20

Its likely the BOD are on holiday.

[wskill] 16/8/2023 14:06

They have advisers crawling all over EPIC at this present time after this article a RNS could have been produced nickrl but as EPIC declined to comment on it a deal may be very close,But all in all good news we are seeing progress and it should be above 81p.

[nickrl] 16/8/2023 13:47

@wskill indeed at least an RNS referring to press speculation should be released but the BoDs here are inept

[williamcooper104] 16/8/2023 13:45

Should hopefully sell up property owning SPVs at c2–3 percent over NAV, take most of that in sale wind up costs and then return the lot to shareholders via a voluntary liquidation The final liquidation could be c12 months away but they ought to be able to get most of the cash out pretty soon after closing/agreeing working capital adjustments

[marktime1231] 16/8/2023 13:41

Despite a tendency to be critical suspicious and sceptical I think we can take this as real and good news. Thank you to whomever picked it up in the trade press.

I'm sure you could probably find some negative in how things are being done and argue what you would have done better, but as was neatly said a few days ago apart from business-as-usual this sale and cash return is the least worst option. If there were several interested parties and the winning bidder is a well funded US realty giant we can be hopeful the deal was close to NAV.

Even if it wasn't spelled out Investec can claim they gave a heads-up in the rns update on 3 Aug. Sufficient to allow them to pick up half a million shares (from Momentum ?) at 65.1p yesterday, knowing full well they are about to be realised at a considerable premium.

Congrats to everyone who back this scenario, I was hovering yesterday waiting for a sub 65p opportunity and missed out but I will be more than happy when the share price is up through 72p and my holding turns blue.

Might double up on AIRE with some of the proceeds but still not sure what to do with the rest.

[wskill] 16/8/2023 13:04

See they have told all and sundry but seem to have forgotten to inform shareholders poor indeed I would say .

[llef] 16/8/2023 12:47

I see the price has spiked up - has anything been announced?

[starpukka] 16/8/2023 12:36

Why has the EPIC epic recently changed to random letters and a number in my trading account ?

[nickrl] 16/8/2023 11:37

Surely what TRY wanted was their cash back so they better sell the company not the assets otherwise im voting it down!!

Oh and get on with it as opportunity to recycle the here with the mkt dropping again.

[frazboy] 16/8/2023 11:16

Specto,

I might be mistaken but I’m assuming that EPIC will be sold in its entirety and not just the property portfolio; it’s just the way they’re reporting the potential sale. Here’s hoping…

There’s no way TRY want EPIC to continue as a shell and nor does any other shareholder I suspect.

[riverman77] 16/8/2023 11:11

It never even occurred to me that they wouldn't wind up the company once they'd sold the properties. Would make no sense to continue as the company would still be sub scale (the main reason for closing it down in the first place). I guess we'll find out soon.